Question:
The provisions of the Arbitration and Conciliation Act of 1996 have to be interpreted being uninfluenced by the principles underlying the 1940 Act. This observation was laid down in:
The provisions of the Arbitration and Conciliation Act of 1996 have to be interpreted being uninfluenced by the principles underlying the 1940 Act. This observation was laid down in:
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Courts must interpret the 1996 Act independently of the outdated 1940 Act.
Updated On: Oct 30, 2025
- M.M.T.C. Ltd. vs. Sterlite Industries (India) Ltd.
- Sunderam Finance Ltd. v. V.N.E.P.C. Ltd.
- Olympus Superstructures Pvt. Ltd. v. Meera Vijay
- Orma Impex Pvt. Ltd. v. Nissari Pvt. Ltd.
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The Correct Option is C
Solution and Explanation
Step 1: Legislative intent.
The Arbitration and Conciliation Act, 1996 was enacted to modernize arbitration law and align it with UNCITRAL principles.
Step 2: Case ruling.
In \textit{Olympus Superstructures Pvt. Ltd. v. Meera Vijay}, the Supreme Court clarified that the 1996 Act must be interpreted independently, without being influenced by the repealed 1940 Act.
Step 3: Conclusion.
Therefore, option (c) is correct.
The Arbitration and Conciliation Act, 1996 was enacted to modernize arbitration law and align it with UNCITRAL principles.
Step 2: Case ruling.
In \textit{Olympus Superstructures Pvt. Ltd. v. Meera Vijay}, the Supreme Court clarified that the 1996 Act must be interpreted independently, without being influenced by the repealed 1940 Act.
Step 3: Conclusion.
Therefore, option (c) is correct.
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